Come on, we’re just ostrich trading here, ignoring the fact that C and BAC have slipped down the rabbit hole of nationalization. Frankly, I don’t know how the government intends to rectify the situation. Moreover, I think one has to be out of his mind getting long here, in any size, prior to this looming issue being resolved.
Once again, ag stocks look good, led by gains in MOS, POT and CF. As you know, I like LNN, mainly for two reasons. One: there is a massive short position in the stock. Two: fresh water supplies, worldwide, are still very, very weak. If governments want to preserve water, they need to invest in better irrigation systems, both LNN and VMI provide such a service.
Lots of cross currents in the market today: dollar weak, euro strong, oil strong, gold weak, natty weak. Go figure it out.
With my money, I am still in a holding pattern, mainly in cash, until the important matter of the banks is resolved.
Much to my chagrin, men in green leotards are buying up oil/gas stocks, once again, trying to pick a bottom. When will you fuckers learn, the oil/gas space, as a business, is dead. Margins have been eroded to laughable proportions.
Look, you don’t have to execute a trade every day. What the fuck is wrong with you? Do you have ADD or some shit?
Chill the fuck out and wait for the market to decide: the red pill or the blue?
UPDATE: Santelli on fire!!
[youtube:http://www.youtube.com/watch?v=bEZB4taSEoA 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
The Zombie has hairy palms….and The Fly is God
OK Shed, Jake
I’m on at 6.40. the close of the guy staring intently down the with a pair of great looking Robert Marc specs. That me.
Be gentle. You’ve caught me at a very vulnerable moment now.
Short veggie solar burritos with impunity
xom climbs so we can short it again
well this is so fucking cool…I’ve decided I’ll pocket my mortgage money from now on since if I default the gubmint will hook a nga up for a few…my credit is bad anyway but i was paying my mortgage..but why should I now…Thanks Obama! I love this guy
Bahahaah Look at the Drudge Headline!
Santelli just flipped his fucking lid!
J- isn’t there in Australian version of IBC you could hang out in. You win my award for being the brightest with the most knowledge and offering the least on this board. Plus I think your a semi-homo.
gangsta rap request.
Please don’t say the word nationalize Fly.
It’s not the PC word anymore.
The word(s) is The Swedish Model.
This way Obama makes us feel like we are actually going to a smörgåsbord to get a helping of meatballs and kringles.
I’m 85% long 15% cash
I’m about to start kicking random people down the steps! (to steal one from Fly)
Just cause this market is so fucking fruity right now. Big time fuckery must ensue.
My stocks are sick of not going up enough from your fruity benign panic of colapse. My stocks remain stedfast picks. However, this Pansy ass market needs to shit or get of the pot. If the bears are looking for a break here, they need to find some panic SOON or a rally will ensue based purely on their demise.
I swear on the insolvency of our nation I will up 3% by end of day FUCKERS!
# DEVILDOG Says:
# JakeGint Says:
Yes I know gold has been going up but the gold stocks have really done zip in the last weeks. Either they are afraid of the earnings coming out (GG today, AEM yesterday, ABX tomorrow) or they are signaling some sort of a top in the metal itself.
Which is why I’m buying miners and not the metal anymore.
Take a look at IAG and EGO to see where this is going. Miners need to catch up.
________
February 19th, 2009 at 11:31 am
You are going to lose big on miners too. Stupid cow. POST YOUR BUYS SO I CAN LAUGH MY ASS OFF.
February 19th, 2009 at 11:40 am
Na, they’re closed at this hour, Mcbill. You win my award for being even stupider than the Dog and offer even less knowledge than what you think I do. Plus I think you’re full blown homosexual. SO fuck off.
# DEVILDOG Says:
# JakeGint Says:
My first DZZ buy was 2 weeks ago. I get a kick out of you cows that can’t stand me making big $$$s. Too funny.
Again, you are a lying sack of moocow. You’ve been disparaging gold here as long as you’ve been pissing on the general market.
I guess I could ask Wood or Jeremy or Fly to find the posts, but I think there are enough people here who remember you crapping on gold at $700, $800 and now $950+.
Permadolt, and liar.
___________
February 19th, 2009 at 11:29 am
Waiting for the posts of me buying DZZ before two weeks ago. BTW, I bought 6 cents above yesterday’s lows not 5 cents. I win big…you lose. Also I don’t care that you bought gold at $250 years ago. Keep holding it and when gold goes back to $250 you’ll have made less than zero considering you paid whith a higher dollar back then. Loser.
Click to Edit
February 19th, 2009 at 11:37 am
he just told santelli to shutup lolz
Ron Paul 2012
OK Costanza time. I’m buying FAS here. Will keep buying all the way down to $5. I think FAS will see the other side of $7 either today or tomorrow.
Rally time!
In order to break 7500 on the DOW you need to believe 7000 would be an immediate target and there’s just no sign of that level of volatility to move us there.
When I heard smart people talking about oil going to $20; putting a limit order for DXO this morning @ 1.73 made sense. Well the fucker hit; looks like I am trading this market after all. Thank you smart people. Oil at $20 would be soup lines.
“When will you fuckers learn, the oil/gas space, as a business, is dead. Margins have been eroded to laughable proportions.”
Most of my family works in the oil and gas business. They are telling me that many of the small service co’s are scaling back. Rigs are being pulled and people are being laid off. It is surely starting to have an effect. Layoffs at HAL, SLB, WFT, NOV
I must be retarded. Just bought BAC at $4, and already own FAS from $5.80.
Gotta love Santelli and Drudge :clapping: 🙂
Dog, thats the funny thing about lies. They are hard to keep track of.
I remember your DZZ claims last fall, as it stuck me as so unusual. The permabear/anti gold combo and all.
I hope someone can dig those posts up. It will be embarrassing for you.
Strong in negative conviction, and weak in personal character. Not an ideal combo to live with.
I’m loving this….CNBC has been so confident that the bottom was in and here we are clearly setting new ground lower, CNBC is clamering to trump up excuses for their upside lying fuckery, they now are actually trying to argue over how the bullshit Obama just signed will actually help…..knowing very well it will not do anything…..and these asshats are supposed to be “bright”…..CNBC has reduced itself to a financial comedy show…..
Cap..
I think I’m on the same page with FAS we are due.. Now we’re below 5.50 this is like holy shit didnt this same beating happen a couple of weeks ago than FAS went to 10?
OK, Obama has a new plan. It’s called the “Venezuela Model”.
Stay tuned…
Santelli & Drudge
Wow, another AMAZINGLY accurate market call by DevilDog. Definitely a contrarian indicator. Expect the opposite of what he says.
TMOE;
I am just using it for a quick trade. If everybody is out of work in oil that makes me bullish. Oil will be the first thing to go up if China is for real etc. If I can get DXO at 1.73 who gives a shit. Two years from now it will be $19. If it isn’t we in a lot of shit.
I love Santelli. He is the smartest on TV hands down.
Rick S in the man he should have a blog here at IBC
Like I posted earlier this morning. The bounce was shit and the tape turns red.
There are NO NO NO buyers. None.
The action in the oil co’s is short covering due the jump in crude
Santelli is a riot. I love it how they ask him if he raised money for Blago, and Santelli replies, “we’re going to have to raise some money here soon.” No shit.
Look at GE. Just pennies away from single digits now. So fucked.
if there was panic wouldn’t gold be rallying to $1000 here?
Will the last person out of C please turn off the light.
Fly, I watched it last night for the umteenth time, wife thinks I’m nuts. Red pill. Think it’s the best of the 3.
BAC & GM wont be allowed to fail..they’re American icons.
Govt will keep propping them up..just like AIG..period.
Im going long FAS here..@ 5.40
We’re due for a nice bounce, right abt now
Much to the benefit of my bottom line, educational stocks have clearly broken. Check out ESI.
Rick-San-Fucking-Telli
Just bot 2,000 shares of USO @ 24.00
One of the peanut gallery guys issued a good heads up. Check the strength in oil today while the averages test the lows. Looks good.
Stop at 22.75 (in case mother market decides to vaporize my ass).
In addition to the stop, I need to see USO close today above 24. Anything below 24 at the close and I’ll exit and wait for a more optimal entry point in the coming days. Picking bottoms must be done with clinical precision. 🙂
Fly, VMI said the irrigation biz was slow last qtr and their gains came from the Utility/Grid biz. Won’t LNN’s irrigation biz be down as well? They warned earlier of a shortfall … you expecting shorts to cover on them meeting expectations?
Jake, how’s WGW stack up on the PPT?
Didn’t like the persistent down action after the gap up; I’m out of the index trade I bought in on the gap down Tuesday morning … will wait and see.
Other trades are holds … wait and see.
Santelli is a moron. He doesn’t understand the issue at hand. People are not making their mortgage payments because they are upside down on their homes in a big way. Why the fuck would you pay your $300k mortgage when the home is only worth $150k ? It makes no sense. Its a business decision and the average american has started to think a lot like wall street. Cut your losses. Stop making payments on a loan where the underlying asset is worth far less. Its the way it is.
People bought their homes in good faith. They could and probably still can afford to pay their mortgage. But they don’t want to cause it makes no sense. Unless those mortgage balances are reduced to where the homeowner is no longer upside down, home values will continue to plummet as people simply stop paying their mortgages and walk away. In many cases it takes 7-8 months from the time you stop making payments to the time you get foreclosed on. Thats 7-8 months of ‘free’ living. Makes sense to me. I’d do the same if I was upside down.
this market, this whole economy, is FUCKING LAME.
CAP…if you were upside down, it might make sucking your own dick easier.
Buy SWHC 2.57
Fly,
How will we know when the important matter of the banks is resolved? What kind of timeframe do you expect?
TC funny re: Sveedish model
going over to piss on the neighbor’s snowman now. fuck this.
ALL traders please take part in this petition against a transaction tax on your trades.
http://www.rallycongress.com/no2tradertax/1536/tell-congres-to-block-trader-tax/
USO starting to ignite the fuck higher.
MOVING TO BRAZIL
http://www.breitbart.tv/?p=281813
Santelli for President.
Or lets just throw a knife at Dennis Kneale’s nuts.
When he’s talking, I feel like an 8-year old with a lollipop in his mouth is asking me why I’m wearing sandals.
Cause I fucked your mom, kid.
Looking for FAZ below 60 to buy.
Drunk&stoned, I remember when that controversy broke out. hehe
The vid is in Portuguese.
2 questions.
1) How did you find this vid?
2) Vc é brasileiro?
This market has no fear in it. No one seems to care if it goes down. I’m getting long FAS.
Interesting action I’m noticing between gold and oil.
The yellow metal has been overbot recently while oil has been excessively smacked to the downside. Both commodities are moving in opposite directions today (I havent seen this in a while). I’m neither long nor short gold, but there could be some mean-reversion going on between both commodities.
# Darren Says:
Wow, another AMAZINGLY accurate market call by DevilDog. Definitely a contrarian indicator. Expect the opposite of what he says.
February 19th, 2009 at 12:06 pm
I need to find another laptop hobby during the trading day. I’m get real tired of dealing with the majotity of stupid fucking ignorant idiots like dumbodarren. What a fucking dumbass loser. I WIN.
Jesus Fucking H Christ!!!!!!!!!!!!!!!!!!!!!!……….CNBC is a joke…..come on people wake the fuck up…….These asshats are bleeding to try to tell the viewers that by paying the offset in a few mortgages from the stupid fucks that bought at the top that had no clue they were paying double what the house was worth, and by helping these few stupid fucks out the world will be back to normal…….
I am telling you now……mark my words, this shit will see some hardcore rebellion soon.
“Rick Santelli is a moron.”
I mean, he can’t even suck his own dick!
No matter how many times I showed him.
Guess I gotta do everything. Moron.
CAP-
Santelli is right. Prices were inflated in the first place, they need to come back down to reality. Foreclosures are part of the process. The people who bought houses they could not afford are the problem. They should be renters. I should not have to pay for their stupidity. 90% of the homeowners pay their mortgage on time, and those people did not buy their home as an investment, they bought it as a home, a place to live.
Phil:
1) Drudge
2) No
——————————————————
This afternoon, this market will make a decisive move, either up or down.
Additional Note:
I have decided, over several large cups of coffee, that DEVILDOG is full of shit ala’ Kass. I mean come the hell on, you HAVE to be full of hot air if you’re Armageddon-style bearish on … everything, but short gold too. No one can put money behind that, cuz if they tried they’d find themselves in a straight jacket.
And he’s always talking about his expensive cars and shit. I don’t buy it.
FLAME ON.
Thanks for the response DevilBear. Now I know I get under your skin 🙂
DevilBear will never shut the fuck up. Write it down.
Steve Liesman is a fucking useless economist……
Fly, did Jim “Baggins” Goldman win ASSHAT OF THE MONTH”?
I am recruiting everyone I can to run their cars all night every day to burn up as much oil as possible. Anyone down?
Mortgage Bankers Forgo Vegas for Tampa:
“MBA’s National Mortgage Servicing Conference & Expo 2009 is taking place this week at the Tampa Convention Center in Tampa, Fla. In these turbulent times, mortgage servicers are facing unprecedented challenges in their day-to-day operations. To get the most up-to-date information and work with peers to develop innovative servicing strategies, thousands of servicing professionals have gathered in Tampa to engage in a full program of panel sessions and facilitated discussions.”
No one will complain that Tampa is a fun trip, right?
Santelli cracks me up. The guy is such a no-nonse bastard. hehehe
T MOE – If your home value was half your mortgage balance would you continue making your payments ? This myth that people who are currently being foreclosed on bought homes they could not afford is a fallacy that is being perpetuated by the same Wall Street crooks that have robbed us blind. ‘Its not our fault. Its those deadbeat homeowners who can’t afford their homes.’
Fly-
Where is LNN on the PPT now? U think it will hold up when/if new lows are hit or you just holding for a swing up?
thanks
Dear Fly
…It seems i was on the brink of foreclosure since I could not afford the house next to you when I bought it with no money down..but now with the new Obama plan it seems i can still be your bro next door.
Love ,
Steve
T MOE Says:
“When will you fuckers learn, the oil/gas space, as a business, is dead. Margins have been eroded to laughable proportions.”
Most of my family works in the oil and gas business. They are telling me that many of the small service co’s are scaling back. Rigs are being pulled and people are being laid off. It is surely starting to have an effect. Layoffs at HAL, SLB, WFT, NOV
**********************************************
What the fuck happened to the GOP chants “Drill Drill Drill” and “Drill here, drill NOW!”
Rupublicans are the DUMBEST people on God’s Green Earth.